Post Utme Lead City University 2025 Economics Question 21

Practice objective / multiple choice question 21 from the 2025 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2025 Economics Objective / Multiple Choice
Question 21 POST_UTME_LEAD_CITY_UNIVERSITY • 2025 • ECONOMICS • objective

The government of Nigeria has introduced a new tax policy aimed at increa\sing revenue from the agricultural sector. The policy requires farmers to pay a 10% tax on their annual income. If a farmer's annual income is ₦500,000, what is the amount of tax the farmer must pay?

Answer Options

Correct Answer A. ₦50,000
B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Lead City University 2025 Economics Question 21. It is one of the objective questions from the 2025 Post Utme Lead City University Economics examination.

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